YES Bank IMPS Charges

Last Updated : July 1, 2025, 5:07 p.m.

YES Bank, a prominent private sector bank in India, offers the Immediate Payment Service (IMPS) for instant, secure, and 24/7 interbank fund transfers. Managed by the National Payments Corporation of India (NPCI) and regulated by the Reserve Bank of India (RBI), IMPS enables real-time money transfers through mobile banking, internet banking, ATMs, or SMS.

Whether you’re paying utility bills, sending money to friends, or settling merchant payments, understanding YES Bank IMPS charges, transaction limits, and features is essential for efficient banking.

What is IMPS? Does YES Bank Support It?

IMPS (Immediate Payment Service) is a real-time electronic fund transfer system that allows instant interbank transfers across India, available 24/7, including weekends and holidays. YES Bank facilitates IMPS through:

• YES Mobile App : A user-friendly mobile banking platform for quick and secure transfers.
• YES Online (Internet Banking) : A robust portal for managing IMPS transactions.
• ATMs : For customers preferring offline channels.
• SMS-Based Transfers : For mobile-to-mobile transfers using a Mobile Money Identifier (MMID).

With YES Bank IMPS, customers can transfer funds using a beneficiary’s mobile number and MMID (Person-to-Person, P2P) or account number and IFSC code (Person-to-Account, P2A), making it versatile for personal and business transactions.

YES Bank IMPS Fees in 2025

YES Bank offers competitive IMPS charges to encourage digital banking. Based on the latest available information, here’s the fee structure for YES Bank IMPS transactions in 2025:

• Inward IMPS Transactions : Free (no charges for receiving funds).
• Outward IMPS Transactions :
  • Via Mobile App (YES Mobile) : Free for all transactions.
  • Via Net Banking (YES Online) :
    • Up to ₹1,000: Free.
    • ₹1,001 to ₹99,999: ₹5 + GST per transaction.
    • ₹1,00,000 to ₹1,99,999: ₹15 + GST per transaction.
    • ₹2,00,000 to ₹5,00,000: ₹17 + GST per transaction.

GST : An 18% Goods and Services Tax (GST) is applicable on all outward IMPS charges through net banking.

YES Bank IMPS Transaction Limits

YES Bank adheres to NPCI and RBI guidelines for IMPS transaction limits, ensuring flexibility for users. The YES Bank IMPS limits:

• Minimum Transaction Amount : ₹1 (suitable for small transfers).
• Maximum Transaction Amount : ₹5,00,000 per transaction, as per NPCI’s updated limit.
• Daily Transfer Limit : Up to ₹50,000 per day for IMPS transactions, though some sources indicate higher limits (up to ₹5,00,000) for verified beneficiaries or specific account types.
• Non-Beneficiary Transfers : Limited to ₹10,000 on the first day after adding a beneficiary.
• Beneficiary Activation : New beneficiaries are confirmed within 30 minutes, enabling instant transfers.

For higher limits, contact YES Bank’s customer care or visit a branch to request enhancements based on your account profile.

Benefits of Using YES Bank IMPS

YES Bank’s IMPS service offers numerous advantages, making it a preferred choice for instant transfers:

• 24/7 Availability : Transfer funds anytime, including holidays and weekends.
• Instant Crediting : Funds reach the beneficiary’s account within seconds.
• Free Mobile App Transfers : No charges for IMPS via YES Mobile, enhancing affordability.
• Secure Transactions : OTP or MPIN-based authentication ensures safety.
• Multiple Channels : Use YES Mobile, YES Online, ATMs, or SMS for flexibility.
• High Transaction Limits : Transfer up to ₹5,00,000 per transaction, ideal for personal and business needs.
• Minimal Details Required : Use your mobile number and MMID for quick P2P transfers.

Comparing YES Bank IMPS Charges with Other Banks

Here’s how YES Bank IMPS charges compare with other major banks in 2025:

• State Bank of India (SBI) : Free for online IMPS up to ₹5,00,000; ₹2–₹20 + GST for branch-based transfers.
• HDFC Bank : Free for net/mobile banking; ₹3.5–₹15 + GST for branch transactions.
• ICICI Bank : Free for digital channels; ₹2.50–₹15 + GST for branch transactions.
• IndusInd Bank : ₹5 + GST (up to ₹1,00,000); ₹15 + GST (₹1,00,001–₹2,00,000); ₹15–₹20 + GST (above ₹2,00,000).
• Kotak Mahindra Bank : Free for mobile app transfers; ₹5 + GST for net banking.

YES Bank’s free IMPS transactions via the mobile app make it one of the most cost-effective options, especially for digital-savvy customers.

Conclusion

YES Bank IMPS charges in 2025 are highly competitive, with free transactions via the YES Mobile app and nominal fees (₹5–₹17 + GST) for net banking, depending on the transaction amount. The service’s 24/7 availability, instant crediting, and high transaction limit of ₹5,00,000 make it ideal for urgent and everyday payments. To confirm the latest YES Bank IMPS charges and limits, visit the official website or contact customer care at 1800-1200. Embrace seamless digital banking with YES Bank’s IMPS for fast, secure, and cost-effective fund transfers.